Business
Aztec Minerals Announces C$1 Million Private Placement
VANCOUVER, BC / ACCESSWIRE / August 8, 2023 / Aztec Minerals Corp. (TSXV:AZT) (OTCQB:AZZTF) ("Aztec" or the "Company") announces that it intends to complete a n
About this update from Aztec Minerals Corp.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / August 8, 2023 / Aztec Minerals Corp. (TSXV:AZT) (OTCQB:AZZTF) (\"Aztec\" or the \"Company\") announces that it intends to complete a non-brokered private placement (the \"Private Placement\") of up to 4,444,444 units (\"Units\") at a price of CAD$0.225 per Unit for gross proceeds of up to CAD$1,000,000. Each Unit will be comprised of one common share of the Company and one half of one transferable common share purchase warrant (\"Warrants\"). Each whole Warrant will be exercisable to purchase one common share of the Company at a price of CAD$0.30 per share for a period of three years from the closing date of the Private Placement. The Company intends to use the proceeds of the Private Placement to conduct exploration work on its Cervantes porphyry gold-copper project in Sonora, Mexico, and its Tombstone epithermal gold-silver & CRD silver-lead-zinc-copper-gold project in Arizona, USA, as well as for general working capital purposes. The Private Placement is subject to the approval of the TSX Venture Exchange, and all securities issued thereunder will be subject to a statutory hold period of four months and one day from the closing of the Private Placement. Finder's fees may be payable in connection with the Private Placement, all in accordance with the policies of the TSX Venture Exchange and applicable securities laws. About Aztec Minerals Aztec is a mineral exploration company focused on two emerging discoveries in North America. The Cervantes project is an emerging porphyry gold-copper discovery in Sonora, Mexico. The Tombstone project is an emerging gold-silver discovery with high grade CRD silver-lead-zinc potential in southern Arizona. Aztec's shares trade on the TSX-V stock exchange (symbol AZT) and on the OTCQB (symbol AZZTF). Contact Information For more information, please contact:Simon Dyakowski, President & CEO, DirectorTel: (604) 619-7469Fax: (604) 685-9744Email: [email protected]: www.aztecminerals.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any...